API Data Show Bigger-than-expected Fall In U.S. Crude Supply

MarketWatch Pulse

The American Petroleum Institute late Tuesday reported that crude supplies fell 2 million barrels for the week ended May 8, according to sources. Analysts surveyed by Platts expected a decline of 250,000 barrels. June crude was at $61.22 a barrel in electronic trading, up from the $60.75 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.

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